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20131202
20131210
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Search Results 0 to 49 of about 137 (some duplicates have been removed)
Al Jazeera America
Dec 9, 2013 5:00pm EST
that we're having nowadays is the major drivers of our deficits nowadays are increasingly not on the discretionary side of the budget, but the non-discretionary side of the budget. there is no longer a place where they can make little fixes and kick the can down the road. there has been agreement on medicare, ned sai medicaid, andl security. it's a particular hot potato that neither side wants to touch. and saying that that's how we're going to solve our budget problems, and that's not going to work. >> after the high tide earlier in president obama's years in the white house, hasn't the deficit, which was huge when he came to office, been getting smaller. >> largely on the back--the sequester cuts which were a small but measurable reduction in over all spending, but also because of the fairly large tax hikes that have occurred under obamacare and under the fiscal cliff deal that they struck on new year's day of 2013. it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spe
Al Jazeera America
Dec 4, 2013 11:30am EST
school she is already behind and that deficit can compound itself over time. and finally, rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks to tilt policies in their favor at everyone else's expense. so people get the bad taste that the system is rigged, and that increases cynicism and polarization, and decreased the political participation. so this is an issue that we have to tackle head on, and if in fact the majority of americans agree that our number one priority is to restore opportunity and brood based growth for all americans the question is why has washington consistently failed to act? i think a big reason is the myths that have developed around the issue of inequality. first there's the myth that this is a problem restricted to a small share of predominant minority poor. this is a black problem or hispanic problem ornatetive american problem. now it's true that the painful legacy of discrimination means that african-americans, latinos, native americans are far more likely to suffer from lack of opportu
CSPAN
Dec 8, 2013 5:45pm EST
fiscal responsibility. >> there is a fundamental difference between short-term deficits and an structural deficits. the short-term deficits largely were inherited by the rock obama -- barack obama and we need to understand its short-term deficits are understandable because we are in a recession and we have to undeclared wars and a number of bailouts and unemployment is very high. so he made it very clear that he wants to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the fed
CSPAN
Dec 9, 2013 12:30pm EST
and replace the savings so it wouldn't add to the deficit by increasing some government fees and perhaps requiring a higher contribution from federal workers for their retirement program and maybe about a 65 to $70 billion deal. it wouldn't be a deficit reduction deal, but it would, it would be an agreement on the level of discretionary spending or the appropriations bills for the next one or two years. >> host: and talk to us about scale. is the a large deal? is it a small deal if how does this kind of fit in our range of options? >> guest: this is not what you would call a grand bargain. it's a small deal. they deliberately set a pretty modest target because they thought something more ambitious wouldn't get done. so in the effort of finding some sort of an agreement for this year, this year's appropriations level and possibly it looks like next year's, they would just target that and see if they could reach an agreement on that, and that's kind of where we're headed. >> host: talking about the prospects for a budget deal this morning with the concord coalition's bob bixby. if you'd li
MSNBC
Dec 3, 2013 2:00pm PST
deficit through chapter 9 bankruptcy. but as the court ruling showed, it was rushed into bankruptcy. governor schneider did not use bankruptcy as a last-ditch effort to save detroit. he used it as a first-ditch effort to make sure his buddies on wall street get paid first. the banks are at the front of the line, with their hand out, looking for the money that detroit generates. detroit is not broke. detroit generates nearly $2 billion in revenue in tax revenue every year. not only that, the governor had his eye on the pension fund, since he got into office. so, you know, for us, we pay taxes, because we want services. kevin orr does not understand how to deliver that service. he does not understand how to run a city. he understands how to take companies through bankruptcy. >> yeah. >> and if anybody thought that anything but bankruptcy was going to be the outcome when jones day and kevin orr is there, and then they hire all the consultants that come in from wall street, myers brinkerhoff gobbling up $5 million a month in tax revenue from the citizens of detroit and not putting a pol
CNBC
Dec 6, 2013 7:00pm EST
of a government shutdown in january. but it would provide little long-term deficit reduction and there remains a sticking point over unemployment benefits and republicans don't believe the democrats are entirely serious about that. it's come up late in the process. not sure if the white house is going to insist on that happening. another potential sticking point may be whether or not there's any long term deficit reduction in the deal if they just raised the sequester caps and substitute one set of cuts for the other, there wouldn't be deficit reduction. there's some talk that the revenue components would be dedicated to deficit reduction. but we have to wait and see happens next week. this congress is unpredictable. >> house defense chairman buck mccann, he wants $20 billion more, because defense gets killed in the sequestration. he has defense hawks that will vote against it if they don't get their $20 billion and that means john boehner doesn't have 218 votes. >> he may not have 218 votes, but look, any accommodation you make like that from -- to assist the defense is going to squeeze the o
Bloomberg
Dec 9, 2013 6:00am EST
the double-doubles. washington, our chief washington correspondent. you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we will have several members on capitol hill and this is one of the questions they will have to answer. rollout, theo the website is operating better. they will make this point over and over. >> lawmakers actually have a deadline of their own to sign up for the affordable care act. how is that going? >> there is actually a different website. technically, they are members of a small business. that is the congress of the united states. they are operating off of the d.c. exchange. the deadline is december 23. december 9 is the deadline for mem
CSPAN
Dec 5, 2013 3:00pm EST
, and the speaker said this himself, he did not want to include savings from the farm bill as part of deficit reduction or sequester replacement even though they called for that in their budget. what they are saying is that do not want to take away some of those big agriculture subsidies as part of this effort. they would rather pick on middle income taxpayers. we believe when you are replacing a sequester, you need to do it in a way that calls for shared responsibility. finally, as the leader said, wo ay's after christmas -- days after christmas unemployment compensation for millions of americans runs out. one woman testified that she lost her job because of the sequester. she worked in a biotech company and because of the cutbacks in places like nih, she lost her job. she has been looking hard for a job and cannot find it. she has a stack of letters two feet high in terms of her job applications. these are hard-working people who have been working hard, lost their jobs, are still looking every day, and the final point i want to make about that is it is not only the right thing to do to help
Al Jazeera America
Dec 4, 2013 8:00pm EST
for around the globe. >> president went on to say that a so-called deficit of opportunity, interesting phrasing there, is much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that is a reflection of the population at large but down 11% since just this spring. and john earlier the president did some work to shore up the forecast, the so-called -- shore up the rveght affordable care a% of millennials disapprove of the affordable care act. have no plans to sign up. that's disappointing news. >> the numbers behind inequality could be surprising for many. jonathan betz has a closer look at what the president says is an economic inequality gap. >> simply put the poor are
MSNBC
Dec 4, 2013 8:00am PST
, and that deficit can compound itself over time. and finally, rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks or hire high-priced lobbyists and lawyers to tilt the playing field in their favor at everyone else's expense, and so people get the bad taste that the system is rigged. and that increases cynicism and polarization and it decreases the political participation that is a requisite part of our system of self-government. so this is an issue that we have to tackle head on. and if in fact the majority of americans agree that our number one priority is to restore opportunity and broad-based growth for all americans, the question is why has washington consistently failed to act? and i think a big reason is the myths that have developed around the issue of inequality. first, there is the myth that this is a problem restricted to a small share of predominantly minority poor. this isn't a broad-based problem, this is a black problem or hispanic problem or native american problem. it's true that the painful legacy of discrimina
CSPAN
Dec 9, 2013 7:00am EST
to replace the savings so it would not add to the deficit by increasing some government fees and perhaps requiring higher contributions and maybe a workers 60 52 $7 billion deal. it would be an agreement on the level of discretionary spending or the appropriations bills for the next two years. is this a large or small deal? caller: this is not what you would call a brain -- a grand bargain. they deliberately set it pretty modest target. finding some of sort of agreement for this year, this year's appropriations levels and possibly next year year's, they would target that. talking about the prospects of a budget deal this morning. you are welcome to join our conversation. democrats -- this weekend rob -- talked about the prospects of a budget yield and affording a government shutdown. [video clip] >> can you get an extension if you -- can you get an extension if it is paid for? >> that is $25 billion nobody was talking about until last week. it is an additional cost within this budget agreement. i'm glad to hear my colleagues say that it is not necessarily a sticking point. i think there
FOX Business
Dec 6, 2013 8:00pm EST
. it is untenable, is not? >> food stamps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the recovery snaps back into place. but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone will have to qualify for work in order to get this. that seems like a good policy to me. >> i agree with that, but there's a lot of pride fraud in the program and that is indisputable. and the people on both sides have their own opinions. let me finish. you will from both sides want to help the poor out. everyone wants to help the poor out. help them, give them a job. the problem is there is abuse of the system that is being underreported and understated by the democrats who are basically saying that it's nonexistent. i totally disagree with that. >> the studies say that the fraud rate is very low. >> it is misreported. >> it's not just for families. >> yes, it is.
CSPAN
Dec 1, 2013 10:25pm EST
into what happens from a bilateral trade deficit from one quarter to another quarter. deficit me time, the with korea may have increased colombia and th panama also implemented around the same time have gone up dramatically. goes to the g differential growth rates in the various economies. we're can do is make sure reducing the barriers and the exports have a chance to compete field. vel playing >> get closer to home and talk about congress. here was a bit of a backlash that brewed last week about the trade negotiations. have you anticipated the fight ahead in getting everything approved. >> we've been talking to throughout these negotiations. the -- the formal process called trade promotion authority expired in 2007. that's a process every congress 1974 ery president since have worked on together. it's the process where congress what your xecutive negotiating objectives are, how to look with congress in the procedures and the under which congress will approve or disapprove a trade pac when it's done. the consultation procedures of 2007 trade promotion authority expired, we felt boun
CNBC
Dec 5, 2013 4:00am EST
retreated to a seven-week low after the country posted a bigger than expected trade deficit in october. but india as performed opposed strong opposition. now for individual movers, chinese telecom equipmentmakers succumbed to profit taking. zte tumbled almost 6%. meanwhile datang telecom down almost 7%. just one day after the issuing of these licenses, a deal is signed between apple and china mobile. according to "wall street journal," this could mean china's largest telco could start to offer isos on its network to 700 million subscribers. it could potentially draw a larger custoday. it's competitor gained 0.25% in china telecom. back to you, ross. >> thanks very much for that, sixuan. carl icahn announcing a tweet that he would submit a proon posal to apple shareholders for a 50 billion buyback program. that's lan than the 150 become buyback program he was previously pushing for. >>> well, we have heard from the japanese economic minister, amari, it was he's been with early stage tongue cancer. he's offered to resign, but the prime minister has refused his request. he remains in the
CSPAN
Dec 5, 2013 9:00pm EST
had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances continue. the report also sets out the economic impact of a failure to act. it agrees with cbo and other economists. allowing the federal ui program to expire will cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be coldhearted. that is not the better nation -- the better nature of our nation. i trust of this congress. th
Al Jazeera America
Dec 3, 2013 12:00pm EST
deficit over time, we had an $18 billion overhang. and so we were never able to go out and increase revenue. so the only way we stayed alive quite frankly is through cuts. and we cut everything that we could, but unless there is more investment coming into the city, and a new stream of revenue, there was no way to -- i guess to fix the problem, so now with bankruptcy eminent, i think our debt off of our balance sheet would be less than it is today, and that is going to be a positive on a going forward basis. >>> the mayor of detroit responding to a federal judge's ruling that detroit can proceed with its bankruptcy filing. bisi onile-ere is live from detroit. what is the reaction there. >> as you can see me there is a group gathered. and you have been very outspoken through this whole or deal. were you disappointed by the judge's decision? >> we were very disappointed. he basically found that terminating the pensions is legal. >> reporter: a lot of people are worried right now because of the ruling that came down. >> we're continuing to pursue all of our options. we hope to negotiat
Al Jazeera America
Dec 9, 2013 1:30am EST
, the thermal coupler tells the grower how much water is in the vine. it tells us if the vine is in a deficit or doing fine. >> with this, we can actually save water, which is an important thing. >> especially in california which seems like its been in remember. >> by eliminating water at the right times and by giving water at the right times, we can have those berries grow small. the smaller the berries, the buser the skin to juice ratio is. that means more robust, big, juicy wines. >> innovative technology also fine tunes the work at the crush pad. here, alias programs the optical sorter to choose grapes based upon a specific color. only the right ones. everything else gets dump here we notice the change almost overnight. the wine is only 5 or six days old. fresher, cleaner, more focused. it was we are going to check out a red wine ferm entation. >> what was sorted earlier? >> it looks look luke soup. >> they communicate with alias via wi-fi. >> if it gets too hot t will send me an alarm. fe fermentation team. >> i get a text and phone call. i have them at 2:00 in the morning sometimes. >>
CSPAN
Dec 6, 2013 1:00am EST
-term consequen consequences and builds deficits into our future. we need to take those into account as you all craft policy, we as advocates promote policies. this is not just an immediate problem. it's a long-term crisis for our country. >> i would love to hear from you all. are people saying, hey, lisa, vera, we would hire you, but we know you wouldn't stay here for this $8 an hour, so therefore, we aren't going to hire you? >> representative moore, here is how i want to answer that. you can't prove age discrimination, but i lost my job of 14 years two weeks before i turned 50. two black happy birthday balloons were very appropriate this year. on the online job applications that you are forced to fill out, they make you put in the dates of your college degree or you can't go further. you have to put in a date. so yes, can you prove it? probably not. so here is what i was on the verge of doing. i have a friend in the billboard business. we were going to put a billboard, and i'm totally serious, and if you knew me, you know i'm serious. >> i think i know you. >> i was going to put a billboard
CSPAN
Dec 8, 2013 10:00am EST
in is that it is difficult. when you look at the deficit we have had, when you look at sequestration, it is obvious that we will be building smaller budgets. you do not see that reflected frequently in congress. we are still arguing to make sure we do not cut these things. when the pentagon says they're decommission it, people say you cannot do that. the battle over the size of the national guard. congress has got to wake up and understand the budgets are getting smaller. intelligentome decisions and scissor trying to defend every little piece of the budget. i think the pentagon tried to take a holistic approach. i hope they start to be more cooperative. we can make sure that we have the training equipment necessary for the military. >> this budget that will be dropping is probably going to be the first one we have seen that will confirm with the caps we have seen in the budget control act. smith were the secretary of defense, where would the cuts most heavily fall? we were talking about compensation and benefits. this will not go until may or june. this probably will not reform the alteration bills. make
MSNBC
Dec 7, 2013 5:00am PST
about that next in the next segment. . >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no interest in stag nateing wages. mr. obama i'm sorry to say bought into that diversion. now, however, he is moving on. isaac, do you share that reading that paul had, two, three years ago, everybody in washington was old souls on a deficit reduction including the president, himself, now even president obama is showing publicly an inclination to show that warren style populism. >> i think the rhetoric has changed. just to go back to the last seg him, jonathan was saying the tea party has people in washington. there is elizabeth warren. i think if it's going to come, it'
PBS
Dec 4, 2013 6:30pm PST
and discretionary spending and that would be offset so that it doesn't add to the deficit by some revenue increases, though not taxes and some entitlement cuts, though in the medicare and social security. it's a modest deal but lawmakers hope they can announce it by the end of the week, enact it next week and avoid a government shutdown in january. >> who are winners and losers to the extent we know what stays and goes and maybe more pointly, what does this mean for those looming deadlines the government shutdown number which was i think middle of january and then the debt ceiling debate, which resurfaces then again, i think, right around the super bowl? >> tyler, it means both that the debt ceiling increase and the government funding are likely to occur as scheduled, avoid a crisis like we had. lawmakers don't have much appetite for that, especially going into an election year. so in that sense, it's good news for the entire country. in terms of losers, the kinds of fees they are talking about and again, we don't have a final deal are things like higher airline ticket fees, the president had those
CSPAN
Dec 5, 2013 6:00am EST
and how do we fit this budget deficit issue. how do we deal with the debt ceiling and figuring out that common ground that is there? a lot of the work that we are is creating these partnerships, coming up with solutions, and creating the pressure from within. >> what has been the biggest surprise for you? has there been anything that is -- that has shocked you and that you were not prepared for? >> i had the opportunity to work for one of hawaii's great senators. i work for him between my two deployments to the middle east. our two senators from hawaii were great leaders, they set a good example. they taught me a lot about building relationships. building relationships that are based on respect and that would stand when the wind was blowing one way or another. of twore great examples best friends. they call each other brothers. they were talking about an issue on the house floor and after they were done, they went up and tried to fist bump each other and missed the first time. they got it on the second or third try. regardless of what happened, they were able to disagree and remain
CSPAN
Dec 8, 2013 11:25pm EST
responsibility. >> there is a difference between short-term deficits and long-term deficits. the short-term deficits were largely inherited by barack obama and we need to recognize that some level are understandable and and to make it very clear to try to get the economy growing and to try to bring unemployment down. and then he pivoted this structural deficit and that is what threatens that. >> it is not the debt that's on the balance sheet, but it's what off the balance sheet and he talked about three things. he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years, you know, three years are better than one and especially since spending has increased 20% or more over the last two years. >> there are lots of holes in that and they have to put a truck through it and it does provide some constraints that would be there. and thirdly he came out for a fiscal commission and this includes other spending restraints and tax reform that will terminate or revenues and i think it's important that we do it this year and to act before are me
CSPAN
Dec 5, 2013 4:00am EST
flow deficit. we get 10,000 beneficiaries every day and the absence of general reform that allow people to get the care that they need and deserve and abby slover cost growth it will fall under its own financial weight. >> for the secretary to affirm, $500 billion that isn't really chump change in the big picture of health care costs. i am getting comments from constituents in the district who medicare advantage folks now their benefits are being reduced. they are losing access to their preferred physicians. this is under the current system now. my question is how much worse can this get for my seniors who opt out for medicare advantage? again if the strategy for controlling costs is a traditional one of just cutting the provider members and whether its doctors, hospitals, it will backfire. that approach without reform that gives you the prevention and coordination and the better care congress ends up having to put the money back in because you haven't solved the problem. to not put the money back and is tonight bullies i -- deny seniors care. >> to have access to dialysis and the like
CSPAN
Dec 4, 2013 10:00am EST
administrations have danced around the mission of our infrastructure deficit. for all the attention to the various fiscal cliffs, the looming infrastructure deficit is every bit as critical. for two centuries, infrastructure was a bipartisan issue, from lincoln with the transcontinental railroad to democrats and republicans coming together to launch the interstate freeway system, signed into law by president eisenhower, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has sec
CSPAN
Dec 5, 2013 7:00am EST
point that out. host: yet the deficit is a problem. k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise should take in. other than defense, there is waste and inefficiencies in a wide range of domestic spending programs. i am willing to take a look at almost everything. i think the demonization of social security and medicaid are inappropriate. they are not responsible for the deficit problem we have right now. ronald reagan in a debate with walter mondo and clear social security has nothing to do with the deficit. it was true then and it is true now. att in plano, texas. caller: thank you for taking my call. food stamps is not one of the
CSPAN
Dec 8, 2013 1:00am EST
's first democratic governor in 20 years. he faced the largest per capita deficit in the country. total debt of about three point $5 billion. he did several terms as mayor of stamford, connecticut, promising to make 2012 the year of education. in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. the governor took the lead in passing one of the nations more dramatic education bills. it was public act -- some of the packages required a new teacher evaluation pilot in which 45% will be based on student learning. the governor's package created a commissioners network similar to the recovery school district. it has the ability to take authority over 25 of the state's lowest performing schools. an increased charter school funding. the figure will go to 11,500 by fiscal 2015. >> it is great to be with you. i appreciate the opportunity to speak about an issue that is very dear to my heart. i like to talk about what really needs to happen in the united states and put it into an appropriate context. we have been at
CNN
Dec 9, 2013 2:00am PST
washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the living room i
CSPAN
Dec 1, 2013 9:30pm EST
chairman in d.c. and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to greater economic growth. it is time to get back on this again. i think it is one of the most important issues the country faces. it will be interesting to see if democrats and if liberals recognize the fact at some point they have to be responsible in that town and meet the challenge of these deficits. >> you have been fighting it your entire public life. that is exciting. let me ask you. i have been struck since i'm in here by how many people are concerned that the republican party will repeat the same mistake in washington, d.c. that they made over the last several months. you kn
FOX Business
Dec 9, 2013 4:00pm EST
, couple things. one is the deficit has been get being smaller. there are fewer of them out there than there were a couple years ago. but there are also, i mean there are a lot of buyers out there, insurance funds, pension fund and don't forget foreign central banks who are trying to control their own currencies. david: there is no concern that there won't be demand there for the bond among fed officials? >> what the fed will tell you there are not, what they're trying to do is lower interest costs for households and companies. they're not trying to make it cheaper for the government to go out and run big deficits. i don't think they're worried about that. cheryl: jon hilsenrath, aka, bruce springsteen. >> thank you very much. how old is bruce these days? i think you don't need to worry. you're a lot younger than because. cheryl: kind of looks like bruce. david: will new york mayor-elect bill de blasio's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in just a moment. cheryl: they might be cor
FOX News
Dec 2, 2013 7:00pm PST
the disaster. the ever growing government deficits, debt, doubling of people on welfare, what do you think in the privacy -- i know you spend time reading and you are a student of history. what do you think privately will happen to this country? >> i think -- hmm. i think that we are -- >> in trouble. >> yeah. i think we are in a situation that we will either rise and be our best sefls. i saw something over the weekend. 70% of americans don't trust each other. if that remains true, well, we become europe. we have to trust each other. we have to be our bet sefls. otherwise we breast cancer up and never come back. there is a good chance that with the mike lee and the ted cruz of the world we do to the republican party what happened to the wigs. there was no third party. there were 20 republicans. by 1860 they had a president elected. i think that can happen in a faster time because of the internet. the if people stick to their principles and the people of the country remain good and decent to each other. if we believe the things that we are playing "knockout" and fighting over a few extra bu
FOX News
Dec 3, 2013 1:00pm PST
are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges and -- where has that money gone. >> look around you and see in every community. we have had a dramatic reduction in the amount of money that has been available over the course of the last ten years. as i say, you haven't raised the gas tax in 20 years. >> but we have more gas revenue coming in because more people are driving and just demand -- >> that's not the case. >> is there a way to assure this in a lock box so it's intend for just that purpose? we do have a lot of other means by which we raise money to help our infrastructure, and our infrastructure still sucks. >> first of all, if you hadn't raised a fund
MSNBC
Dec 4, 2013 1:00pm PST
decade or so. deficits being reduced. all sorts of cuts all over throughout this government. we're in a recovery from a recession. we're not adding federal jobs. and so the idea that he is sort of taking this government in a direction that it's never been in before is absolutely absurd. and just a little more history here. history will say this is the president only in this period of time who talked about contracting executive power. he's the only one who is publicly talking about reeling in executive power. when he responded to the heckler for the immigration piece, he's talking about really inexecutive power, let's do it through legislative processes instead of through executive orders. so you won't see any other modern era presidents talk about it. certainly no one previous in our lifetime to president obama. >> some happened with don't ask, don't tell. oppose the left people saying he should do something in executive order and he wanted to go through congress. so krystal, is the point hear really that republicans are facing the frustration of knowing that president obama did
MSNBC
Dec 4, 2013 2:00pm PST
to suggest that budget deficits are created by the poor. you know, you mentioned walmart and others who pay a sub minimum wage, essentially, the minimum wage isn't worth what it was in 1968. and they get -- that cost us $7 billion in just food stamps alone, because those people don't have enough money to stay out of poverty. they're against increasing the minimum wage, and they're against these people having enough money for food and their family. they know the fact that most of the studies show that most -- so many people on food stamps run out of food. the third week of the month. that when they have the money for food, et cetera $1.40 per person, per meal. they know how difficult it is for them to have the necessity. but that's not their political agenda. their political agenda is to demonize it. that's why they fight back so hard when the pope suggests that we should appeal to our better humanity, and care for these people and be concerned about these people. and try to get them up on their feet and get them proddive in society and provide the mechanisms to do that. that's what the pope
MSNBC
Dec 6, 2013 2:00pm PST
of these cash-strapped and deficit-strung countries in europe would like to have this when it comes to turning the private sector around? we're talking about 47 months. the jobless rate now is at 7% in this country. according to the bureau of labor statistics. we added 203,000 jobs in the month of november. it's all positive stuff. here's the bottom line. no republican help, no republican help for workers. no jobs package to make it better. this is all being done under president obama and the democrats' watch. john in this case coals, great to have you with us tonight. remember to answer tonight's question at the bottom of your screen. share your thoughts on twitter and ed show and facebook. we always want to know what you think. >>> coming up, a romney rerun. america has seen this movie before. but it's the only ticket that conservatives got to get into the theater. >>> plus, rush limbaugh's crude comments about the president and the pope have catholics demanding penance. stay with us. we're right back. from the frozen tundra. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks
MSNBC
Dec 9, 2013 7:00am PST
when federal employees have disproportionately contributed to the deficit reduction efforts to date. over $140 billion of the deficit reduction efforts over the last couple of years have come from federal employees. >> and you represent a lot thoefz federal employees, so is that a deal breaker for you? >> absolutely. you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agri businesses that get huge taxpayer subsidies to have a contribution toward the deal. so we should be replacing the sequester. i've had a piece of legislation in to do that for three years. we've tried to get a vote on it and have been denied. but as we do that, you can't take this out on just one segment of individuals. you've got to have equitiy in this. so there are lots of things that are still up in the air as part of this negotiation. >> including unemployment benefits. and i want to play the republican argument from senator rand paul against an extension. here it is. >> a do support unemployment benefi
MSNBC
Dec 9, 2013 1:00pm PST
would push off demands for deficit cutting. the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between hardship and catastrophe. last year alone, it lifted 2.5 million people out of poverty. and cushioned the blow for many more. but here's the thing. if members of congress don't act before they leave on their vacations, 1.3 million americans will lose this lifeline. >> did you hear that? there might have been a little shade there for republicans on the hill. they are giving themselves another long vacation starting friday. on the other hand, some conservatives now say opposing unemployment benefits is their way of helping the unemployed. >> i do support unemploymen
CSPAN
Dec 3, 2013 10:00am EST
's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in this case. ronald reagan, after all, was willing to sign into law a five cent gasoline tax increase 31 years ago when a nickel a gallon was real money. a user fee is in fact a different category from a general tax incr
Bloomberg
Dec 4, 2013 7:00pm EST
this thing with take off area >> i think there has been a huge miss focus .n the budget deficit it is really a long-term problem. the key thing you want to do right now is get the economy back on its feet and coming along. you are actually slowing that recovery down. i think it is just misguided policy. we do not expect that to last forever. we are also saying state and local government coming back a little bit more. that may offset the track we're going to get. >> you just mentioned that modesty oh moderate phrase. as you mentioned, the last four days books contain that wording. should we read anything into that? what does it say about the growth expectations going forward? >> we have seen the fed consistently lower their projections. they have been more realistic. anticipating that growth will pick up, the key issue for the fed, and particularly with a new fed chair coming in, janet yellen is going to be preoccupied in this guiding -- and deciding when to taper and how rapidly to taper. more important like, how to communicate detentions to the markets. landly, the asset purchase cannot go
CNBC
Dec 6, 2013 9:00am EST
. you're right. they have a big current account deficit. if and when we see a beg effect on tapering, we may see them suffer. >> violence with the mines. this is a nation that has a lot of questions open. >> absolutely. he didn't solve everything but certainly i think things could have been far worse. >> and also the metamorphosis just as gorbachev was changing the world as well. >> he shifted in four years. the castro bothers, 50 years, they still haven't. >> it's nice seeing you down here. >> you, too. >> as massive ice storm is moving across the country bringing freezing rain, snow, sleet and jim cantore joins us. >> reporter: thank you very much. normally in the east the sun comes back up and it warms up and everything melts. unfortunately it's only going to get colder. this morning we started out at 30 degrees and now it's all frozen and the same this evening is happening on the road. you'll notice the cake and the glaze, you have to pry this off. the salt and sand trucks are dealing with the main there owe fair -- thoroughfares. but mass transit, about a thousand fights in and out
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